Big banks took $8B hit because of Durbin Amendment

Delaware Online | May 2, 2012

The site’s 2012 Durbin Amendment Impact Study concludes that the law is costing large banks $8.06 billion and small banks $329.4 million annually. For the large banks — those with more than $10 billion in assets — fee revenue has fallen 59.3 percent for signature transactions and 32.4 percent for PIN transactions.

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